GATX reports Q4 EPS $1.81, FY EPS $7.12; guides FY2024 $7.30-$7.70

GATX CORP

2023-FY EPS reported $7.12 revenue$1,410,900,000

Q4 net income $66.0M ($1.81 EPS) vs $48.4M ($1.36) in Q4 2022.
Full-year 2023 net income $259.2M ($7.12 EPS) vs $155.9M ($4.35) in 2022; includes $0.05 net positive from tax items.
2024 EPS guidance range $7.30-$7.70 per diluted share.
Rail NA LPI renewal lease rate change +33.5% in Q4, avg renewal term 65 months, utilization 99.3%.
Full-year investment volume >$1.6B; Rail NA $977M, Rail International >$380M, engine acquisitions >$260M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GATX CORP reported full-year 2023 results: net income 259.2 million, EPS $7.12 per diluted share.

Period: full-year 2023
Net income: 259.2 million
EPS: $7.12 per diluted share
Result: reported results

Exact text from the filing

Net income for the full-year 2023 was $259.2 million or $7.12 per diluted share, compared to $155.9 million or $4.35 per diluted share in the prior year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GATX CORP reported 2024 results: EPS $7.30–$7.70 per diluted share. Guidance initiated.

Period: 2024
EPS: $7.30–$7.70 per diluted share
Guidance: initiated
Result: guidance update

Exact text from the filing

Company initiates 2024 earnings guidance of $7.30–$7.70 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GATX CORP reported 2023 fourth-quarter results: net income 66.0 million, EPS $1.81 per diluted share.

Period: 2023 fourth-quarter
Net income: 66.0 million
EPS: $1.81 per diluted share
Result: reported results

Exact text from the filing

GATX Corporation (NYSE: GATX) today reported 2023 fourth-quarter net income of $66.0 million or $1.81 per diluted share, compared to net income of $48.4 million or $1.36 per diluted share in the fourth quarter of 2022.

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Source: SEC EDGAR

accession 0000040211-24-000008

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